Pantheon Resources (LON:PANR) Trading Down 19.8% – Time to Sell?

Pantheon Resources Plc (LON:PANR) dropped 19.8% on Tuesday . The company traded as low as GBX 18.12 and last traded at GBX 20.30. Approximately 73,807,742 shares traded hands during mid-day trading, an increase of 749% from the average daily volume of 8,696,668 shares. The stock had previously closed at GBX 25.30.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their target price on Pantheon Resources from GBX 70 to GBX 66 and set a “speculative buy” rating for the company in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 66.

Pantheon Resources Stock Performance

The firm’s 50 day simple moving average is GBX 25.87 and its 200 day simple moving average is GBX 25.87. The firm has a market cap of £289.65 million, a PE ratio of -21.49 and a beta of -0.36. The company has a current ratio of 0.79, a quick ratio of 20.28 and a debt-to-equity ratio of 7.35.

About Pantheon Resources

Pantheon Resources plc is an AIM listed Oil & Gas company focused on developing its 100% owned Ahpun and Kodiak fields located on State of Alaska land on the North Slope, onshore USA. Independently certified best estimate contingent recoverable resources attributable to these projects currently total c.